Country Report Hong Kong

Robust growth in 2011, but concerns about asset price bubbles remain

• This year GDP growth will be 5.2%, supported mainly by private consumption and exports.

• Inflation is increasing above 4%, due in the main to higher food prices and expected rent/housing increases.

• A loose monetary policy, tight housing supply and an influx of Chinese buyers have led to sharply rising property prices rises.

• However, strong measures have been taken so far and it is expected that the government will introduce further cooling measures if needed.

• Payment behaviour is generally good.

Real GDP growth (%)

Source: EIU / IMF

Fiscal balance (% of GDP)

 Source: EIU / IMF

   Download full country report on Hong Kong

Download full country report on Hong Kong

 
General Information

Government type: Limited Democracy
Currency: Hong Kong Dollar (HKD)
Population: 7.1 million
Status: High income country
(GDP/capita: US$33,591 in 2011)
 
Main import sources (2010)

• China: 45.5%
• Japan: 9.2%
• Singapore: 7.1%
• Taiwan: 6.7%

Main export markets (2010)

• China: 52.7%
• USA: 11.0%
• Japan: 4.2%
• Germany: 2.7%

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Date: May 2011